Canada pension fund ready to invest $2 billion in Mumbai housing: Devendra Fadnavis

Canada's pension fund is ready to invest $2 billion in affordable housing in Mumbai, a move that would boost PM's goal of providing cheap housing.

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First of its kind app for booking property launched

Eliminating brokers who take away a large commission for every deal in the real estate sector, Paarth Infrabuild Ltd has launched a mobile based app which will help subscribers to select and book properties of their choice.

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Maharashtra to use no-development defence zones for affordable housing in Mumbai

A land spread of over around 350 acres, mainly on the eastern coast, under Bombay Port Trust’s control, can also be used for mass housing projects, he explained.

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JP Associates says CCI did not find it a dominant player

Jaiprakash Associates today said CCI has found that the company is not enjoying dominant position in the real estate market of Noida and Greater Noida.

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Raheja cuts price for housing project in Sohna to Rs 2500/sq ft

"Actual market depends on demand-supply and also customers' ability to pay. Lately, the prices have gone up so much that it has affected the customers' affordability. So, we have decided to bring down the prices to move the market," Chairman Navin Raheja said.

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Government set to ease approvals for construction projects

Government will also empower the land owners and their architects to make self declarations that their plans comply with norms to get quicker approvals.

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HNIs lose interest in real estate as startups become hot favourite

Stuck investments and low returns in India’s realty sector are acting as deterrent for investments from ultra-high networth individuals (HNIs).

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Jaypee Group gets clean chit from CCI

Competition Commission of India has dismissed five complaints against Jaypee Group entities Jaiprakash Associates and Jaypee Infratech which had alleged abuse of dominant position by the two entities in the real estate market of Noida and Greater Noida.

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Oberoi Realty launches 'Sky City' in Mumbai

Real estate player Oberoi Realty today launched a multi-tower residential project 'Sky City' in Borivali in suburban Mumbai and expects to gain Rs 10,000 crore revenue from it.

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Realty developer Oberoi Realty aiming to repay its debt worth Rs 500 crore in the next 18 months

Realty developer Oberoi Realty is aiming to repay its debt worth Rs 500 crore in the next 18 months, said a top company official.

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Siemens India Company takes 3.5 lakh sq ft on rent in Pune

In one of the largest commercial realty transactions, a Siemens India group company has leased an entire building with 3.5 lakh sq ft office space at Cummins India Campus in Pune.

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Tata Housing sells 250 flats in Goa on five-acre project, worth Rs 100 crore

The company is developing 600 apartments in this 5-acre project, which was launched recently on Facebook. The prices are in the range of Rs 30-70 lakh.

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Realty developer ABIL Group partners with Versace for south Mumbai project

ABIL Group has entered into a partnership with global fashion design house Versace to design interiors of its luxury residential project on Hughes Road in south Mumbai.

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Office space deals down 30 per cent in Kolkata: Research

According to Research and Forecast Report by Colliers International, the recorded office space transaction volume stood at 0.2 million sq ft.

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PEs, NBFCs secure exits worth $633 million from realty in first 9 months of 2015

Much of the exits, however, have come by way of refinancing by builders, who are keen to replace high-cost funds with relatively lower cost ones.

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Is real estate the best investment class?

If you dig deeper, you will find that return from real estate is not spectacular. In the long term, stocks may churn out higher returns.

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Sunteck Realty to invest Rs 1,000 crore to acquire stressed projects

Sunteck Realty plans to invest Rs 1,000 crore for acquiring distressed assets and entering joint development agreements to increase its portfolio.

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DLF plans to monetise some more housing projects through private equity

India's largest realtor DLF is planning to monetise some more housing projects through private equity as property sales continue to remain subdued.

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Realty drought no bar for Private equity's thirst for startups

According to data from Venture Intelligence, Housing.com raised $113 million in 2014. This was followed by $37 million in Proptiger Realty, $40 million in CommonFloor and $10 million in Grabhouse by a clutch of investors.

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Haryana policy gives big housing a push

The NILP will cover Gurgaon and Manesar, Faridabad, Ballabgarh, Sohna, Sonipat, Kundli and Panchkula.

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HDIL to invest Rs 150 crore on housing project in Mumbai

The company will launch the first phase of its affordable housing project 'Planet HDIL' in Virar this Diwali and another two luxurious projects in Ghatkopar.

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Indians invest $2 bn in Dubai real estate in H1 2015

Indians invested nearly $2 billion in the Dubai's real estate during the first half of this year.

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GIC picks 50% stake in Tishman Speyer’s WaveRock office project in Hyderabad

WaveRock asset is a green one with its buildings having received LEED Gold for Core & Shell certification and the next phase too is being built to meet the same standards.

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Over 75% real estate projects non-starters: Assocham

As per the study, while over 2,300 projects in the realty sector remained non-starters, over 1,000 on-going projects have registered significant delays.

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DLF appoints JP Morgan and Morgan Stanley as bankers for selling promoters stake in rental arm

Earlier this month, the company's board had decided that DLF promoters - KP Singh family - will sell their 40 % stake in the company.

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Singapore's GIC forms JV to invest in India office project

The total buildout for the development, whose final phase is expected to be completed over the next two years, will be 2.5 million square feet.

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Gearing up for an investment push, real estate private equity funds go on a hiring spree

'A lot of funds are gearing up for investment opportunities in real estate in anticipation of a positive outlook of fresh funds being allocated to this asset class.'

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Indiabulls Real Estate receives planning permission for redevelopment of London property

In May, it had submitted a planning application to the council for a project comprising 41 residential apartments, a 51-room hotel and 4,500 sq ft of retail space.

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Indiabulls Real Estate gets Westminster City Council nod for redevelopment of London property

Indiabulls Real Estate has received planning permission from Westminster City Council for redevelopment of its London property on Tuesday.

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The Wadhwa Group leases out space for Ferrari's first showroom in Mumbai

The Italian marquee sports car brand had opened its first dealership in Delhi in 2011 to cash in on young and super rich Indians' increasing passion.

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Tata Housing close to raising Rs 3,200 crore for luxury projects across top cities

The company is vetting final-stage proposals submitted by Macquarie, JP Morgan, Standard Chartered and Morgan Stanley, a pension fund and a sovereign wealth fund.

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Investors Clinic in talks to raise about Rs 975 crore to fuel growth

Investors Clinic, which counts cricketer Yuvraj Singh among its minority shareholders, plans to use the money for expanding its network across India and overseas.

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Motilal Oswal Real Estate to raise up to Rs 1,000 crore through third fund

MORE is looking to raise up to Rs 1,000 crore through its third real estate fund, mainly from high net worth individuals and family offices.

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Office space absorption rises to 10.6 million square feet in September quarter: Survey

Office space absorption during the July-September period increased marginally to 10.6 million sq ft compared to the previous quarter, says a survey.

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Biggies consolidate office space market

Darwinism is playing out in India's office space market. The demand for large offices is moving away from standalone buildings to integrated business parks.

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Amid realty slump, vacation homes going strong fuelled by HNI demand

Puranik Builders recently launched the second phase of its 3.5-lakh-sq-ft villa project `Puraniks Sayama' spread over 10 acres in Lonavala.

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Debt funds fail to deliver interest payments as real estate languishes

Ballpark estimates suggest that almost half of the 50-odd real estate funds have turned irregular in their interest payments.

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Trial court orders builders must pay customers for damages, delays

Buyers can also seek compensation or sue the builders if what they get is different from what they were promised—if sub-standard material was used.

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Top 10 Indian tier II cities to invest in

The southern cities are better investment destinations due to higher potential for growth, reveals the PropEquity Top Tier II Cities study.

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Should you buy distressed property if offered at a good price?

Once you've made up your mind, there are two ways you can buy distressed property — via a bank auction or directly from the seller.

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How to make the right choice when buying a house

Buying a house is a big financial commitment. Don’t let an investment of Rs 50-60 lakh be influenced by freebies worth say Rs 25,000.

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Housing sales to grow at slower pace this festive season: JLL

Housing sales are expected to rise at a slower pace of 15-20% during the ongoing festival season due to high prices in big cities and subdued sentiments.

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An idea to build multi-storey towers with shipping containers in Mumbai's Dharavi draws flak

Imagine this: bang in the middle of one of India's largest slums, Dharavi, a skyscraper rises. It's no ordinary high-rise made of bricks and cement.

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Mumbai plans to build multi-storey towers with shipping containers in Dharavi

Imagine this: bang in the middle of one of India's largest slums, Dharavi, a skyscraper rises. It's no ordinary high-rise made of bricks and cement.

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Britain's FTSE forges ahead as Shire surges

Britain's top share index rose, lifted by drugmaker Shire, whose shares climbed on speculation it could be lining up a bid for a U.S. rival.

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Crompton Greaves board approves selling Mumbai land for Rs 496 crore

Crompton Greaves today said its board has approved entering into a definitive agreement for sale of a portion of its land parcel at Kanjurmarg.

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Rishi Kapoor, Ranbir Kapoor buy apartments in pune’s Trump Towers

Bollywood actors Rishi Kapoor and Ranbir Kapoor have bought an apartment each spread over 6,100 sq ft in the Trump Towers in Pune’s Kalyani Nagar area for Rs 13 crore a piece, two people familiar with the transaction told ET.

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Mumbai, Delhi top global commercial property market in terms of rentals

The rising appetite for Indian commercial properties is attributed to about 67% of investments flowing into Indian real estate from overseas.

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Parsvnath eyes Rs 100 crore revenue from new project at Jodhpur

It has so far completed 55 projects having 24.75 million sq ft of developed area. Currently, 48 projects are under construction.

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Magicbricks to launch ‘Dream Homes Festival’ on October 15

More than 60 builders will offer deals and discounts to homebuyers in over 150 projects across the country, including a cashback offer of up to Rs 5 lakh.

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